Real estate agency CBRE today announced that Tom Gaffney has been appointed as Managing Director for its Hong Kong, Macau and Taiwan offices, and will assume his new role as of the end of March 2016.
Gaffney comes to CBRE… Read More>>
Can Shenzhen and Shanghai Create a China Real Estate Recovery?
The average price of a new home in China went up by 0.2 percent in October, but that’s only if you don’t count most of the housing being sold.
The latest figures from China’s National Bureau of Statistics were published… Read More>>
Shanghai Construction Group Buys Orange County Hyatt for $137M
Shanghai Construction Group became the latest Chinese buyer of an overseas hotel recently when a US subsidiary of the state-owned giant picked up the Hyatt Regency Orange County for $137 million.
The southern California hotel acquisition by SCG America is… Read More>>
Wanda, R&F Seek Shanghai Listings as China Re-Opens IPO Gates
Developers Dalian Wanda and Guangzhou R&F Properties could be among the first batch of companies to list on mainland exchanges as China’s government prepares to re-open new stock market listings following this summer’s crash.
The domestic stock market listings could… Read More>>
APG and CPPIB Set Up $500M JV for Korean Logistics with e-Shang
Chinese warehouse developer e-Shang continued to boost its bid to become a major player in Asia’s regional logistics real estate market this week as the Shanghai-based startup announced a $500 million joint venture with Dutch pension asset manager APG Asset… Read More>>
Evergrande Buys HK Office Tower from Chinese Estates for $1.61B
China’s Evergrande Real Estate set a new record for acquisition of a Hong Kong office building last week by purchasing the Mass Mutual Tower in Wanchai from Joseph Lau’s Chinese Estates for HK$12.5 billion ($1.61 billion).
The sale of the… Read More>>
China Life Buys Kowloon Office Tower From Wheelock for $755M
Mainland insurer China Life Insurance set a new record for purchase of a commercial property in Hong Kong’s Kowloon area by purchasing two buildings currently under development at Wheelock and Company’s One Harbourgate complex for HK$5.86 billion ($755 million).
The… Read More>>
Anhui Farmers Turn Faux Venice Project into Cabbage Patch
After years of stories of Chinese farmers being forced off their land for new real estate projects locals in eastern China’s Anhui province appear to have turned the tables against at least one developer, after repurposing a failed housing project… Read More>>
Hines Office Project Tops Out in Shanghai’s Jing An
Houston-based developer Hines celebrated its latest milestone in China on Thursday by holding the topping out ceremony for an office project in Shanghai’s Jing An district, which it announced will be named “One Museum Place.”
Now structurally complete, the 54-storey… Read More>>
CBRE Restructures China Operations – Parts Ways with Poon
In an internal memo seen today by Mingtiandi, real estate agency CBRE announced a new management structure for its China operations, under North Asia President Ben Duncan.
The new structure coincides with the premature departure of the company’s China president… Read More>>
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